Bartronics India Q2-08 Net Sales up by 136.8% at Rs. 16068.66 lakh
Hyderabad, 30th October, 2008: Bartronics India Limited, the country’s leading player in the Automatic Identification and Data Capture (AIDC) Technologies Industry, today reported net sales of Rs. 16068.66 lakh for the quarter ended September 30, 2008 compared to Rs. 6783.50 lakh in corresponding period of last fiscal year, registered an increase of 136.8%.
Net Profit for the second quarter stood at Rs. 2041.12 lakh, registered a growth of 62.99 % as compared to Rs. 1252.27 lakh posted in the same period of last fiscal year. Diluted Earnings per share (EPS) increased by 45.30% to Rs. 7.28 as compared to Rs. 5.01 in corresponding period of last year.
Net sales for the six months ended September 30, 2008 grew by 200.43 % to Rs. 28021.23 lakh compared to Rs. 9326.74 lakh in the corresponding period of last fiscal year, while net profit for the six months ended September 30, 2008 rose by 152.18 % to Rs. 4360.08 lakh, as against Rs. 1728.92 lakh posted in the same period of last fiscal year.
Diluted Earnings per Share (EPS) for half year of 2008 worked out to Rs. 15.83 as compared to Rs. 9.70 for the same period of last fiscal year registering an increase of 63.19 %.
Commenting on the results, Mr. Sudhir Rao, Managing Director, Bartronics India Limited said, “The strong growth has been the result of continued focus on the smart cards business by the company. As we enjoy the first mover advantage in this niche sector, we will continue to grow across all segments in the coming quarter as well. The management has decided to retain the guidance announced earlier for the future performance.”
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